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tax rate, they're taxed at a lower rate. the businesses in the last 3% of businesses happen to employ half -- half of all people that work in small business. they employ one-quarter of all workers in america, and you want to take their tax rate from 35% to 40%. i talked to a guy with a very small business, he's in the electronics business in st. louis. he has four employees. he said he and his son calculated how much they pay in taxes, federal income tax, federal payroll tax, state sales tax, state property tax, gasoline tax, it added up to well over 50% of what they earned. and your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses says that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. and so what i do, i bring down the tax rates, lower deductions and exemptions, the same idea by behind bowles-simpson, by the way, get the rates down, lower exemptions and create jobs. there's nothing better to get us to a balanced budget t
tax rate, they're taxed at a lower rate. the businesses in the last 3% of businesses happen to employ half -- half of all people that work in small business. they employ one-quarter of all workers in america, and you want to take their tax rate from 35% to 40%. i talked to a guy with a very small business, he's in the electronics business in st. louis. he has four employees. he said he and his son calculated how much they pay in taxes, federal income tax, federal payroll tax, state sales tax,...
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about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> joining me now is karen finney former communications director for the dnc and msnbc analyst. karen, great to have you with us. >> good to see you, ed. >> was it a brilliant strategy on the part of the obama team for the president not to use the 47% remark to give an opening to mitt romney because a huge platform of 60 some plus million people. what about that? >> you know, that may very well be. i mean, the thing that, although that is so insulting is, think about it. just the clip you just played, the night that came out, the next day where did he go? fox news. with neil cavuto. again, he really stood by those comments. he said, well, i could have said them a little better but i really stand by the message. for the last two weeks he has been saying i stand by this message that those people, you know, that language, even in his ads he talks about those people, that they wouldn't be attracted to his message of lower taxes? i me
about lowering taxes isn't as attractive to them. therefore i'm not likely to draw them into my campaign. >> joining me now is karen finney former communications director for the dnc and msnbc analyst. karen, great to have you with us. >> good to see you, ed. >> was it a brilliant strategy on the part of the obama team for the president not to use the 47% remark to give an opening to mitt romney because a huge platform of 60 some plus million people. what about that? >>...
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there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, ronl is at 47%. i think the president, the fundamental structure of the race hasn't been changed, but if he doesn't go on the attack, if biden doesn't do a good job against ryan, and if the president doesn't show up and isn't strong in the second debate, then you're going to have a tossup race. >> well, i would disagree with your approach, first of all. i don't approach that way. that's going back and relate gating all the old arguments. in spirit what i would do unlike shrumy, i would take the big issue that is separate the candidates, don't get into the little trench warfare about what's your tax plan and where were you on medicare two weeks ago. i would say whe
there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, ronl is at 47%. i think the president, the fundamental structure of...
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a candidate says i'm going to lower the tax rates but i'm going to broaden the tax base. what you get is lower rates, you get a lot of the former, you get very little of the latter. because like bob says, once you start going into how you're going to broaden the base, then it's don't look at me, look at the other guy. so the danger of this tax reform trap that governor romney is trying to sell right now is that you're going to end up with massively lower tax rates and you're not going to broaden the base much at all such that you'll have an explosive budget deficit, it's very much what we saw in the bush supply side trickle down years. >> bob, debatess left. the vice presidential debate, the town hall presidential debate and then the debate on foreign policy. >> i think we throw out the myth that somehow or other only the first debates matter. i think the other debates will have big audiences. i'm through with the expectations game. i think vice president biden will do very well next week. i think the president will bring his best game to these next two debates. this guy
a candidate says i'm going to lower the tax rates but i'm going to broaden the tax base. what you get is lower rates, you get a lot of the former, you get very little of the latter. because like bob says, once you start going into how you're going to broaden the base, then it's don't look at me, look at the other guy. so the danger of this tax reform trap that governor romney is trying to sell right now is that you're going to end up with massively lower tax rates and you're not going to...
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he raised taxes. and when he left office in massachusetts, people somehow forgot he left the people in massachusetts with the largest debt per capita in america. now he says he's going to do good with money by cutting taxes by 20% and spending $2 trillion more on the military and $716 billion, even more than ryan or obama proposed, in medicare. i don't know how he does his math, but somebody ought to buy him a $2 calculator. >> governor schweitzer, great to have you with us. thanks so much. >>> there's a lot more coming up in the next half hour on "the ed show." stay with us. >>> the best thing to help prevent crime in cities is to bring opportunity in the inner cities. teach people good discipline, good character. that is civil society. that's what charities and churches do. >> paul ryan and mitt romney say churches and charities are the only antidote to poverty. sister simone campbell degr disagrees, and she's next. >>> another is ordering to vote for mitt romney. we'll read the letter where he admi
he raised taxes. and when he left office in massachusetts, people somehow forgot he left the people in massachusetts with the largest debt per capita in america. now he says he's going to do good with money by cutting taxes by 20% and spending $2 trillion more on the military and $716 billion, even more than ryan or obama proposed, in medicare. i don't know how he does his math, but somebody ought to buy him a $2 calculator. >> governor schweitzer, great to have you with us. thanks so...
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. >> you can do that by cutting taxes? >> those are your words, not mine. >> thank you very much, sir. >> that was kind of strange. trying to stuff words in people's mouths? >> it it sounds like you're -- >> ryan folks putting the paper in front of the camera and everything. vice presidential nominee paul ryan getting annoyed in this interview with terry camp in flint, michigan. the campaign even after the interview was over still went out of their way to trash the reporter that paul ryan walked out of that interview on. the campaign given on the record quotes calling the reporter an embarrassment. the city where that reporter works and where that interview took place does have the worst violent crime rate in the nation. so that line of questioning here for mr. ryan was understandable. maybe even predictable. but beyond the newsworthiness of paul ryan getting up and taking off his microphone and ending the interview and beyond the newsworthiness of the campaign going after this reporter, there was what that reporter was ab
. >> you can do that by cutting taxes? >> those are your words, not mine. >> thank you very much, sir. >> that was kind of strange. trying to stuff words in people's mouths? >> it it sounds like you're -- >> ryan folks putting the paper in front of the camera and everything. vice presidential nominee paul ryan getting annoyed in this interview with terry camp in flint, michigan. the campaign even after the interview was over still went out of their way to...
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. >> president has idea he wants to raise the tax rate from 3% to 40%. that won't be good for forms. my own view is i want to take the tax rate down. >> following iowa, romney flew to ohio, critical battleground to his victory strategy, where the voter registration ends today. romney i return at least four times in just the next week. romney aides are touting their ground game and grassroots enthusiasm. in florida, 43.5% of absentee ballot requests came from republicans. 39% for democrats. among those returned so far, 45% are g.o.p. only 38% are democrats. in colorado, republicans requested 656,000 absentee ballots of saturday to 627 for democrats. inness, absentee ballot request favor g.o.p. by 44% to 39%. in north carolina, 52% of all ballot requests of g.o.p. to only dop for democrats and 21 for independents. running mate paul ryan and joe biden off the trail getting ready for the big debate. kid rock leapt "born free" to romney for the rally theme headlined last night in michigan and considering a vice presidential debate keg party. >> i'm proud to s
. >> president has idea he wants to raise the tax rate from 3% to 40%. that won't be good for forms. my own view is i want to take the tax rate down. >> following iowa, romney flew to ohio, critical battleground to his victory strategy, where the voter registration ends today. romney i return at least four times in just the next week. romney aides are touting their ground game and grassroots enthusiasm. in florida, 43.5% of absentee ballot requests came from republicans. 39% for...
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david: president obama almost certain to characterize mitt romney's tax plans tonight as tax cuts for the rich, or awe kise him of advocating trickle-down economics as he has done before but is that a fair characterization. where did it come from? famed economist thomas sowell has been looking into all this. he wrote an essay, trickle down theory and tax cuts for the rich published by hoover institution press and professor sowell joins us now. professor, always an honor to have you here. thanks for coming in. >> thanks for having me. david: so has any republican actually ever advocated something called trickle-down economics? >> neither a republican nor a democrat, nor member of any other group, nor any human being that i know of ever advocated that. david: so where does it come from? >> it comes from people who are opposed to tax cuts and who say that the people who want the tax cuts just want to give more money to the rich and in hopes their prosperity will trickle down. no one has ever said that. years ago in my column i challenged anyone to name any human being who had ever said i
david: president obama almost certain to characterize mitt romney's tax plans tonight as tax cuts for the rich, or awe kise him of advocating trickle-down economics as he has done before but is that a fair characterization. where did it come from? famed economist thomas sowell has been looking into all this. he wrote an essay, trickle down theory and tax cuts for the rich published by hoover institution press and professor sowell joins us now. professor, always an honor to have you here. thanks...
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i don't have a tax cut that's $4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers, i think we need more of them. i mean, look, don't believe me, speaker gingrich was pretty eloquent in running during the primaries in saying, look, mitt romney will say absolutely anything to get elected. >> well, one thing i have been saying about the campaign is the president needs surrogates out there, he needs confederates, people out there. i love charleston. a lot of people -- rather charlotte because in charlotte you heard an entire political party speaking led by people like deval patrick, the governor of massachusetts, after you saw mr. mayor. i think it sounds better when it's a serenade than when it's a solo. what do you think about that? because the other guy has these terrible attack dogs out there, people like trump pitching the birtherism nonsense, sununu talking about being lazy. you got priebus and his nonsense about him being from europe and foreign and newt saying terrible things not to mention jack welch trying
i don't have a tax cut that's $4.8 trillion or $5 trillion. i'm not going to cut taxes on the rich. i don't have a medicare voucher plan. i love teachers, i think we need more of them. i mean, look, don't believe me, speaker gingrich was pretty eloquent in running during the primaries in saying, look, mitt romney will say absolutely anything to get elected. >> well, one thing i have been saying about the campaign is the president needs surrogates out there, he needs confederates, people...
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massive tax increase. romney cannot defend this plan on its merits, so he simply says i'll negotiate this with congress. it doesn't matter what he negotiates, there's not enough money there. it's a simple matter of arithmetic. but he's being a smooth liar about this. >> is the mathematics policy? can you offset $5 trillion with big deductions by getting rid of them when he said tonight to accomplicer, i'm going to leave the mortgage preference, the charitable preference, what is left? >> first off, you're kind of misquoting what he said. number one, he said it's not a $5 trillion dr. >> 4.8. >> but it is. i don't care what he says, he's lying. it is $5 trillion. >> bob, let me make mire point. >> don't repeat his lie without any evidence. >> i'm not repeating it. the fact you call it a lie, you take that up with him. >> no, he's the one who's lying. >> let me make the point. how does it not -- >> the fact of the matter is he's identified that what he's going to do is limply fill the tax code in a number of
massive tax increase. romney cannot defend this plan on its merits, so he simply says i'll negotiate this with congress. it doesn't matter what he negotiates, there's not enough money there. it's a simple matter of arithmetic. but he's being a smooth liar about this. >> is the mathematics policy? can you offset $5 trillion with big deductions by getting rid of them when he said tonight to accomplicer, i'm going to leave the mortgage preference, the charitable preference, what is left?...
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i will not raise taxes on small business and not raise taxes on middle income families. >> reporter: he will spend a little more time in florida and campaign here tomorrow and he has been doing a bit of debate prep with rob portman, the senator from ohio and his debate sparring... playing the role of mr. obama and, monday, big foreign policy speech at the virginia military institute in virginia, and criticizing the president on foreign policy with specific criticisms of the way in which the administration handled the attack on the u.s. consulate in benghazi, libya, meant to signal romney will continue to attack the president on the economy, and jobs, but, also on foreign policy and all of the issues, of being commander-in-chief. in the 2012 campaign. >> arthel: thank you very much, a big crowd waiting for mitt romney and the president had no public events today but his campaign says that it has noted stopped him from shattering a major record. carl mentioned this earlier. september fund-raising ended at $181 million. topping his previous record by nearly $70 million. it's the biggest
i will not raise taxes on small business and not raise taxes on middle income families. >> reporter: he will spend a little more time in florida and campaign here tomorrow and he has been doing a bit of debate prep with rob portman, the senator from ohio and his debate sparring... playing the role of mr. obama and, monday, big foreign policy speech at the virginia military institute in virginia, and criticizing the president on foreign policy with specific criticisms of the way in which...
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what $5 trillion tax cut? what was being presented wasn't leadership. that's salesmanship. >> when the storm clouds clear, which romney will voters remember? the bone dry severe conservative or the misty massachusetts moderate? the paradox of the mittens, a multi volume extravaganza continues. john heilemann, what do we make, what do you specifically make, of this politico inside dope that says ann and tagg romney have been instrumental in this recalibrated mitt romney? >> i never want to take exception that anybody mike allen and jim vandehei write but maybe there's a straining to find a more biz zanty explanation than is necessarily the case. to question that ann romney was unhawpe with what was happening to her husband as any reasonable wife would be, given the way he was being portrayed and allowing people to portray himself. there's, you know, losing campaign, which the romney campaign was until the debate in denver, there's always a lot of second guessing and it started early in this campaign. she clearly has made her feelings known in a very dire
what $5 trillion tax cut? what was being presented wasn't leadership. that's salesmanship. >> when the storm clouds clear, which romney will voters remember? the bone dry severe conservative or the misty massachusetts moderate? the paradox of the mittens, a multi volume extravaganza continues. john heilemann, what do we make, what do you specifically make, of this politico inside dope that says ann and tagg romney have been instrumental in this recalibrated mitt romney? >> i never...
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what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. don't pay any attention to that tax cut behind the curtain. >> reporter: a new pew research center poll shows that among likely voters, governor romney holds a four-point edge over president obama, 49 to 45%. governor romney is also even with the president among registered voters. they're both tied at 46%. to give you some perspective, just last month, governor romney was trail the president by nine points. such a turnaround after last week's debate. reporting live here at sfo, bob redell, nbc bay area news. >> thank you, bob. and we do have complete coverage of the president's bay area visit online at nbcbayarea.com, including insider details on the president's private events. >>> and some san francisco voters, possibly inspired by the president's visit, getting a jump on the election. they are casting their ballots this morning for that early voting. this one will run through november 6th. hours are monday through friday, set from 8:00 a.m. in the morning until 5:00 in the evening.
what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut. don't pay any attention to that tax cut behind the curtain. >> reporter: a new pew research center poll shows that among likely voters, governor romney holds a four-point edge over president obama, 49 to 45%. governor romney is also even with the president among registered voters. they're both tied at 46%. to give you some perspective, just last month, governor romney was trail the president by nine points. such...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. [ male announcer ] fedex office. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did...
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vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? . >>> californians woke up to sticker shock today after gas prices jumped up to 20 cents a gallon in some areas leave night. triple -- aaa said the average cost is 4 degrees $.49 a gallon, the highest in the nation. in fact, some stations ran out of gas and clothes rather than pay the cost. fox's bob decastro has more from los angeles tonight. >> reporter: it's been a surprise to costco customers, and now, customers coming here and lining up for gas, finding out they're completely out. costco, a company that does not have its own refinery and finds gas on an open market, which is in short supply and so, they are simply out here, one of the 12 cost keys in southern california that is -- cost keys that are out of gas and people are seeing prices at the pump. higher near 20 cents since yesterday to nearly $4.54
vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? . >>> californians woke up to sticker shock today after gas prices jumped up to 20 cents a gallon in some areas leave night. triple -- aaa said the average cost is 4 degrees $.49 a gallon, the highest in the...
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we also need to have comprehensive tax reform. we ought to have a tax code that's more simple, more fair, and more competitive. what i've been advocating is to reduce the tax on jobs creating businesses by 25%. the federal government is imposing the worth in the world tax of 35%. if we reduced it to 20%, over 500,000 jobs, created and $23 billion of new revenue and that would send a message to the world that america is open for business again. the other thing is that we're blessed in america with the most energy resources of any country in the world. and virginians, from our coalfields to our coasts are ready, willing and able to provide america with the energy to four our economy and if we unleashed our energy resources throughout the country, i believe we ought to do so in virginia and on day one after being sworn in as your senator, i would introduce a bill to allow us in virginia to produce oil and natural gas off our coast and use the royalties for roads and transportation, but if we did this nationwide, there would be hundre
we also need to have comprehensive tax reform. we ought to have a tax code that's more simple, more fair, and more competitive. what i've been advocating is to reduce the tax on jobs creating businesses by 25%. the federal government is imposing the worth in the world tax of 35%. if we reduced it to 20%, over 500,000 jobs, created and $23 billion of new revenue and that would send a message to the world that america is open for business again. the other thing is that we're blessed in america...
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rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very similar -- on my radio program. it is amazing because they spent millions of dollars to position mitt romney and create a narrative about mitt romney and a caricature of mitt romney. wants dirty air, dirty water and doesn't care about children with autism or down's synd scprom wants to throw granny over the cliff. romney rendered all of those millions of dollars wasted. there is a side by side and people saw for themselves, a very different person than a caricature that the democrats were painting of him. where does he go from here? h
rates and lowering tax revenues. he wants to lower the rates for the rich, and for everybody else. but he says, by eliminating loopholes and deductions to which the rich have much more access than anybody else, they will broaden the base and leave the revenue neutral or increase revenue. he says, i will not allow the share of the taxes that the rich are paying to go up. that undoes $100 million worth of obama advertising in 5 minutes. >> sean: you know, it's funny. i said something very...
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on cutting taxes, even for the rich, the tone, different. during the primary -- >> i said today, we're going to cut taxes on everyone, across the country, by 20%. including the top 1%. >> reporter: last night? >> i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people, but it's just not the case. >> reporter: but on the regulations, dotdd-frank, romne often simply says -- >> we got to repeal dodd-frank. >> reporter: but last night? >> you have to have regulation and there's some parts of dodd-frank that make all the sense in the world. >> reporter: and on the president's health care law, romney usually simply says this. >> if your priority is jobs, you got to get rid of obama care, and i will. >> reporter: but last night, when asked what he would replace it with? >> in fact, i do have a plan that deals with people with pre-existing conditions, that's part of my plan. >> reporter: now, we have asked the romney campaign repea
on cutting taxes, even for the rich, the tone, different. during the primary -- >> i said today, we're going to cut taxes on everyone, across the country, by 20%. including the top 1%. >> reporter: last night? >> i will not reduce the share paid by high income individuals. i know that you and your running mate keep saying that and i know it's a popular thing to say with a lot of people, but it's just not the case. >> reporter: but on the regulations, dotdd-frank, romne...
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all the tax cuts that go away. spending cut cuts that take effect. it's happening behind the scenes. i want to take a gauge of these guys in their nest to see what they're doing. what they're doing no, offense, is for the birds. all the analogies. see you tonight. >> eric: hello. i'm eric bolling with andrea tantaros, bob beckel, dana perino, brian kilmeade. it's 5:00 in new york city. this is "the five." ♪ ♪ laura logan is highly respected journalist who risked her life reporting on terrorism, recalls a days ago we showed you this gutsy interview with taliban commander in afghanistan. >> these are taliban attacks. this is part of our new military strategy. we have our people in afghan police and the army. >> what skills do the al-qaeda fighters bring? >> they are masters at everything. for example, making i.e.d.s. something we don't know how to do. but they are teaching us. they're master engineers and good with all weapons. >> news that the cbs news chief correspondent is calling out the obama administration for lying to american people. it's b
all the tax cuts that go away. spending cut cuts that take effect. it's happening behind the scenes. i want to take a gauge of these guys in their nest to see what they're doing. what they're doing no, offense, is for the birds. all the analogies. see you tonight. >> eric: hello. i'm eric bolling with andrea tantaros, bob beckel, dana perino, brian kilmeade. it's 5:00 in new york city. this is "the five." ♪ ♪ laura logan is highly respected journalist who risked her life...
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. >> bob: i do think that obama will ask romney to explain the tax plan. ryan said it was too complicated to explain. >> eric: obama is not going to ask romney anything. >> bob: listen, they all end up asking each other questions. >> eric: what i would do if i'm romney, no matter what they ask, just go right back to the economy. just go right back to the economy. throw numbers out there. just stay on this. >> andrea: going tough and hard. but he can't go too hard and too tough, then the media says he's angry, now he's an angry rich man. >> bob: come up with the numbers you talk about. obama has to defend numbers but so does romney. >> eric: what number does he have to defend? >> bob: how he will cut taxes and balance the budget? >> dana: he has a good answer. obama has a tougher time explaining how in 2008, he ran on one thing regarding taxes. in 2010 he changed his mind to protect his tail. then now his whole plan is against what he said in 2010, is worst thing to do for the country. >> bob: that debate has been out there and argued over and over for four
. >> bob: i do think that obama will ask romney to explain the tax plan. ryan said it was too complicated to explain. >> eric: obama is not going to ask romney anything. >> bob: listen, they all end up asking each other questions. >> eric: what i would do if i'm romney, no matter what they ask, just go right back to the economy. just go right back to the economy. throw numbers out there. just stay on this. >> andrea: going tough and hard. but he can't go too hard...
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. >> hugh they can justify raising taxes on the middle class has been buried the last four years. how in lord's name can they justify raising their taxes. >> the romney campaign seized on that comment. arguing the president's policies have hurt the middle class. taking a breather from his preparations outside las vegas today. he visited the hoover dam. >> it's spectacular and i've never seen it before. >> reporter: aides say he's been calling his family to unwind each night. surrogates on both sides today acknowledge the debate will be a pivotal moment. >> i think it's important for viewers to get a chance to do comparison shopping. seeing the two candidates face to face, head to head. >> this cannot be about decemberibledecembe decibles. it has to be about details, particularly for governor romney. >> reporter: romney says he doesn't like formal debate preps, says it feels too artificial. instead, opting for more casual sessions. aides are coaching romney not to get visibly irritated if his opponent gets under his skin. something rob portman has been able to do in practice sessio
. >> hugh they can justify raising taxes on the middle class has been buried the last four years. how in lord's name can they justify raising their taxes. >> the romney campaign seized on that comment. arguing the president's policies have hurt the middle class. taking a breather from his preparations outside las vegas today. he visited the hoover dam. >> it's spectacular and i've never seen it before. >> reporter: aides say he's been calling his family to unwind each...
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Oct 7, 2012
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in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire are plan is to give more money to teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that is part of the plan. >> but he won't say, chris, which loopholes and which deductions. senator, i doubt seriously you would be if favor of doing away or cutting the home mortgage deduction for middle class americans. governor romney has not said what the plan is for paying for the $5 trillion in tax cuts just like he won't talk about what his tax returns have been or -- >> with all due reis spect, governor, first of all, governor romney made is clear in the debate and he was actually able to speak directly to the american people that he is not going to lower the burdening on up y
in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire are plan is to give more money to teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that...
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Oct 3, 2012
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questions about taxes and health care. the bar is high for the president and predicts romney's aggressiveness is not a fun balance. >> he has the facts. he drills you. he is tenacious. that is the difference between four years ago and this time. >> reporter: the bottom line, democrats say, is who has specifics. >> the american people at home are looking for details. i think you will see president obama continue to do that. >> reporter: nbc's latest poll puts the president three points ahead with romney gaining ground. >> voters are less likely to be hispanic and percentage of people 18 to 29-year-olds dropped. as a consequence of the po poll being slightly older, it moves to mitt romney. >> reporter: more interesting, the battle ground states. romney closing the gap in virginia and florida, but not ohio where the president is maintaining a strong lead into the debate. and despite what we found in the nbc poll, 4 in 10 americans are interested in the debates, but 60% are going to watch. tracie potts, nbc news. >> you can wa
questions about taxes and health care. the bar is high for the president and predicts romney's aggressiveness is not a fun balance. >> he has the facts. he drills you. he is tenacious. that is the difference between four years ago and this time. >> reporter: the bottom line, democrats say, is who has specifics. >> the american people at home are looking for details. i think you will see president obama continue to do that. >> reporter: nbc's latest poll puts the...
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Oct 2, 2012
10/12
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tax experts said today 90% of american families are facing llat they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. intt? >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and will hit americans at every income level, including those living below the poverty line. for a middle-income family making $40,000 a year, taxes will go up by $2,000. the increases are so large secause the nation's biggest tax cuts all expire three months from now on new year's day. cludeinclude the bush-era federal income tax cuts, the payroll tax cut that lowered social security and medicare taxes, and several remaining stimulus tax cuts all go away january 1 unless congress and the president reach a deal on the budget. e ny economists are concerned that a tax increase of that size could shock the ec
tax experts said today 90% of american families are facing llat they call unprecedented tax increases. how much? wyatt andrews is in washington tonight. intt? >> reporter: scott, according to the non-partisan tax policy center, the united states is now on the threshold of one of the largest tax increases in history-- a tax hike that could average $3,500 for every american household. without action by congress, the report says, taxes will go up next year by 20%-- $536 billion overall and...
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Oct 3, 2012
10/12
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i'm editor of the tax blog, tax blocks, and we're here to discuss taxes and the fiscal cliff. washington lives in sue perlatives. everything that happens here is the biggest, the worst, or the most important. how many times, for instance, have you been told that some politician is about to give the speech of his life until he gives the next speech? the taxmeggedon has the potential to be a watershed in fiscal policy. it's true. it could be another way to kick the can down the road, but it could be a tipping point to end a decade of fiscal gridlock. yesterday, the tax policy center released a new study on the cliff, and we'll talk in details, but to summarize, it found tax increases due to occur at the end of 2012, if they last for all of 2013, would raise taxes by $500 billion. the average household would pay $3500 more if this year's rules are in place. cbo says these tax hikes and hundredings of billions of dollars in discretionary spending cuts drives the economy back in recession and cost 2 million jobs. on the other hand, it also goes a long way in reducing the budget def
i'm editor of the tax blog, tax blocks, and we're here to discuss taxes and the fiscal cliff. washington lives in sue perlatives. everything that happens here is the biggest, the worst, or the most important. how many times, for instance, have you been told that some politician is about to give the speech of his life until he gives the next speech? the taxmeggedon has the potential to be a watershed in fiscal policy. it's true. it could be another way to kick the can down the road, but it could...
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Oct 7, 2012
10/12
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MSNBC
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i don't have a tax plan that is 4.8 trillion, i am not going to cut taxes on the rich. i don't have a voucher plan, i love teachers, i think we need more of them. don't believe me, speaker gingrich was eloquent in the primaries, saying that mitt romney will say absolutely anything to get elected. >> the president had 90 minutes, now, if he had done his homework and prepared, if he had actually studied romney, why didn't he say it? virtually every analyst has said, and even your deputy campaign manager has said the charges -- was made wrong. forgetting that for a second, the job of the president is supposed to be able to be competent and to stand up for what he believes in and articulate what is wrong. mitt romney walked over him. >> and alex, you mentioned the president is air born to the golden state, a star studded concert with katy perry, and tuesday, campaigning in ohio, meanwhile, mitt romney had a rally last night in florida and stays in florida for a second day, more campaign events later in that swing state. >> yeah, i think you left out george clooney, because
i don't have a tax plan that is 4.8 trillion, i am not going to cut taxes on the rich. i don't have a voucher plan, i love teachers, i think we need more of them. don't believe me, speaker gingrich was eloquent in the primaries, saying that mitt romney will say absolutely anything to get elected. >> the president had 90 minutes, now, if he had done his homework and prepared, if he had actually studied romney, why didn't he say it? virtually every analyst has said, and even your deputy...
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Oct 8, 2012
10/12
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lack after record and policies that just tax plan. jenna: 29 days until the election, 29 days until the election i would expect nothing less than you two talking over each other and we look forward to having you back. both of you. as this gets closer to election day. and we all can say you're a liar. no you're a liar. we're going to talk more about it next time you guys are on. if it dissolves into that accusation both sides where are we really? that will be the next topic of debate. gentlemen, nice to have you. >> thank you. jon: the beginning of a new era in the u.s. space program, the first comercial mission to the international space station. it is underway right now. we have breaking details next. >> liftoff of the spacex falcon 9 rocket. gecko (clearing throat) thank you, mr. speaker, uh, members of congress. in celebration of over 75 years of our government employees insurance company, or geico...as most of you know it. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newcaster: breaking news. t
lack after record and policies that just tax plan. jenna: 29 days until the election, 29 days until the election i would expect nothing less than you two talking over each other and we look forward to having you back. both of you. as this gets closer to election day. and we all can say you're a liar. no you're a liar. we're going to talk more about it next time you guys are on. if it dissolves into that accusation both sides where are we really? that will be the next topic of debate. gentlemen,...
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Oct 5, 2012
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vo: why won't romney level with us about his tax plan, which gives the wealth y huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> san francisco is considering allowing apartments around the same size as the when you see here, 150 square feet. cities like new yorker allowing the michael apartments that are of a parkinge space. >> imagine that tiny package a stand-alone house? greta kreuz introduces us to one 150 square foot home. >> you are in the great room. this is the living room. >> welcome to her tiny house. the main floor with the seating area, kitchen and bathroom. upstairs in the loft, an air mattress. thes a rebellion against mcmansions. >> not every kid needs his own play room. it is going back where you had with people. she built it for her master's .hesis is part of the online public university system. great to be able to see has done and how applied her degree program. >> the tiny, movement has grown and it is green. it
vo: why won't romney level with us about his tax plan, which gives the wealth y huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? >> san francisco is considering allowing apartments around the same size as the when you see here, 150 square feet. cities like new yorker allowing the michael apartments that are of a parkinge space. >>...
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Oct 9, 2012
10/12
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CNNW
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i was with him in ohio as well, where the president came out swinging, hitting mitt romney on taxes. you heard him repeat at every stop the whole big bird line, he even repeated that over the weekend at a couple campaign events in los angeles, brought up the 47%, which is something the president did not touch on at all during the debate. but also, you see in the campaign, pushing back hard like today, responding even before mitt romney made his speech on foreign policy, they had a couple of ads ready to go and then put together a conference call with campaign officials and also madeleine albright, former secretary of state and they are saying he's erratic, unsteady, irresponsible, something the campaign was not as quick to do in the past but post-debate, a much more aggressive tone from the campaign. >> jim, you have been following governor romney for a long time. have you seen a marked -- you talk about a smile he has on the campaign trail. have you seen a big difference in how he's been campaigning since the debate? >> absolutely. you know, one thing that we should touch on is in t
i was with him in ohio as well, where the president came out swinging, hitting mitt romney on taxes. you heard him repeat at every stop the whole big bird line, he even repeated that over the weekend at a couple campaign events in los angeles, brought up the 47%, which is something the president did not touch on at all during the debate. but also, you see in the campaign, pushing back hard like today, responding even before mitt romney made his speech on foreign policy, they had a couple of ads...
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Oct 6, 2012
10/12
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. >>> who is that masked moderate man on the debate stage, the guy who plans no $5 trillion tax cuts? who won't cut education, insists his health care plan covers people with pre-existing conditions. it's the same guy who now says his 47% comments were wrong. did mitt romney take his mask off or has the emperor got no clothes. >>> also, we're beginning to learn more about the flawed strategy that caused president obama to lay a debate egg wednesday night. it best not happen again. >>> and unemployment rate dropped sharply last month. add rick santorum and newt gingrich to the list of republicans who would like to see big bird on the unemployment line. >>> and finally, what the jobless number means and why some people don't like looking at it. this is "hardball," the place for politics. >> after about losing 800,000 jobs a month when i took office, our businesses have now added 5.2 million new jobs over the past 2 1/2 years. this morning we found out that the unemployment rate has fallen to its lowest level since i took office. more americans entered the work force. more people are get
. >>> who is that masked moderate man on the debate stage, the guy who plans no $5 trillion tax cuts? who won't cut education, insists his health care plan covers people with pre-existing conditions. it's the same guy who now says his 47% comments were wrong. did mitt romney take his mask off or has the emperor got no clothes. >>> also, we're beginning to learn more about the flawed strategy that caused president obama to lay a debate egg wednesday night. it best not happen...